DBSA & SADC WATER FUND LAUNCH WATER SUPPLY PROJECT

The DBSA, as the implementing partner of the SADC Water Fund, a regional fund for water and basic sanitation, is launching a US$9.4mn basic water and sanitation project in Kazungula, Zambia. The first phase of the project will include the construction of a new water intake structure abstracting from the Zambezi River upstream of the Kazungula bridge. This phase will also include construction of a new treatment plant, larger storage reservoirs, construction rehabilitation and the extension of water transmission and distribution pipelines. This will significantly improve access to potable water and ensure reliability of supply to Kazungula town. The second and third phases will focus on improving the sanitation system. “This project highlights the importance of developmental financial partnerships in the realisation of SADC’s regional integration agenda, which seeks to provide quality water and sanitation services,” said Chuene Ramphele, group executive of Infrastructure Delivery Division at the DBSA.

Briefs

Trigon completes extension in Namibia

Trigon Metals Inc. has entered into a definitive agreement to expand its land holding in Namibia, through the acquisition of an exclusive prospecting licence which surrounds Trigon’s Kombat and Gross Otavi projects in the Otavi Mountainland, a region associated with high grade copper and silver mineralisation.

Green Giraffe Supports Three Renewable Energy Projects

Green Giraffe has supported EDF Renewables and its partners, in achieving financial and commercial close of Phezukomoya, San Kraal and Coleskop wind energy facilities. The three projects, which were developed by a consortium led by EDF Renewables, together with its local BEE partners, H1 Holdings Ltd and GIBB-Crede, as well as a local community trust, were awarded in the fifth bid window of the Renewable Independent Power Producer Procurement Programme (REIPPPP).

Phezukomoya, San Kraal and Coleskop are three 140MW onshore wind farms which will be located in the Umsobomvu Local Municipality, on the boundary of the Eastern Cape and Northern Cape provinces. The projects were awarded preferred bidder status in October 2021 and in November 2022, Phezukomoya and San Kraal reached financial close first, shortly followed by Coleskop which reached financial close on the 18th January 2023.

The projects will sell power to Eskom under a 20-year power purchase agreement. In addition, the main transmission substation will be constructed on behalf of Eskom and transferred to Eskom on completion.

Green Giraffe has been supporting EDF Renewables on this transaction since April 2021, acting as exclusive financial advisor throughout the bidding phase all the way until financial close.

Scatec sells Upington plant in South Africa

Scatec ASA, a leading renewable energy company in emerging markets, has signed an agreement with a subsidiary of STANLIB Infrastructure Fund II to sell its 42% equity share in the 258MW Upington solar power plant for a gross consideration of approx. US$54.6mn.

“We are very pleased to secure a value accretive transaction and are confident that STANLIB will be a solid owner of the asset going forward,” said Scatec CEO, Terje Pilskog.